Quotes with Resistance & Support
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Intraday calls for 26-03-10

Posted on: March 26th, 2010 at 8:14 am

Markets likely to open slightly lower. Support for nifty is at 5180 and resistance at 5300.

If markets show recovery later during the day, buy: Marico Ltd & Surya Pharmaceutical Ltd

Trade in small quantities.

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557 Responses

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  1. srini Says:
    March 27th, 2010
    Posted at: 8:05 pm

    ThanQ CB!


  2. dd Says:
    March 27th, 2010
    Posted at: 8:07 pm

    Hi CB, I have shorted nifty 5200 CE @ 160, whats your view on it, whether we see 5150 any time during april expiry ?


  3. CB Says:
    March 27th, 2010
    Posted at: 9:17 pm

    Hi srini, can I please have the bse code. not able to find the stock with name

    Hi ramsingh, always welcome

    Hi dd, crossing 5320 will be difficult for nifty considering of the recent upmove and also being overbought as of now. hold onto the short with sl at 5300-5320


  4. srini Says:
    March 27th, 2010
    Posted at: 9:55 pm

    BSE code 522134
    Artson Engineering Ltd


  5. CB Says:
    March 27th, 2010
    Posted at: 10:10 pm

    Hi srini, it has strong support at 41-43. can see 49 in coming days. on Monday can see 47


  6. srini Says:
    March 27th, 2010
    Posted at: 10:16 pm

    thanQ sir
    gud nyt


  7. CB Says:
    March 27th, 2010
    Posted at: 10:19 pm

    Hi srini, most welcome.. Good night..


  8. raja m Says:
    March 27th, 2010
    Posted at: 10:31 pm

    Hi CB,likely target for SREI infrastructure Finance in about six months,please?


  9. Aman Says:
    March 27th, 2010
    Posted at: 10:52 pm

    Gud Evening SIr. I have RCOM @ 313. Can i shift in SELMC...


  10. Aman Says:
    March 27th, 2010
    Posted at: 10:54 pm

    Gud Evening SIr. I have RCOM @ 313. Can i shift in SELMC to cover my loss…


  11. Gitanjali Says:
    March 27th, 2010
    Posted at: 11:32 pm

    HI CB,
    When ever we trade in future's and as we select the month, say for ex we chose 2nd month for reliance ...and even if we cover within a week ..have we to go with the 2nd month price ...in other words is there a seperate movement for the same scrip for the 1 st and 2nd month please .and have we to cover accordingly.
    'cause in some stocks it can vary a lot.
    I am pasting patni here for an example
    26-MAR-2010,FUTSTK,PATNI,29-APR-2010, 566.05
    26-MAR-2010,FUTSTK,PATNI,27-MAY-2010, 574.85
    [ my broker does not allow 3rd month]


  12. CB Says:
    March 27th, 2010
    Posted at: 11:44 pm

    Hi raja m, around 95-100

    Hi Aman, rcom too is a good bet. you could exit 50% and invest rest in selman.

    Hi Gitanjali, yes. both have some difference in the prices. if you buy for may, then you will have to sell it in may futures too.


  13. Gitanjali Says:
    March 27th, 2010
    Posted at: 11:49 pm

    Hi CB,
    Thanks ..Of the stocks dealing in jewellery exports ..which is good to hold for a year which would it be of the following ..Rajesh Exports ,Gitanjali Gems ,or Classic Diamond ..I already hold a few Shrenuj


  14. ajit Says:
    March 28th, 2010
    Posted at: 11:22 am

    Escape from Wall Street

    1. techncally market going up with less volume

    2. short covering allready happened ?

    3. if no new forceful buying is seen --THEN SHOULD ONE HAS TO THINK OF EXIT FROM MARKET & if again market is going up with less volume think of shorting it
    4. NOW TO SHORT WHICH IS A BETTER OPTION --a ) to short nifty b) to short bank nifty --- levels to shprt it ?


  15. dhirendra gupta Says:
    March 28th, 2010
    Posted at: 12:29 pm

    i am a trader pl include me in your daily chat


  16. dhirendra gupta Says:
    March 28th, 2010
    Posted at: 12:31 pm

    bal pharma canbe go down from cmp 32.25 to 30.50 with sl of rs.32.60 on monday

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